Good morning. Thank you Ruth for the introduction and for inviting the Bureau to be a part of this year’s Consumer Empowerment Conference. Consumer Action has graciously invited Bureau employees to speak at this event in years past, and I am honored to continue this tradition. And I am especially happy to return to my roots here in the Midwest.

The Bureau expects to issue proposed rules in January 2019 that will reconsider the Bureau's rule regarding Payday, Vehicle Title, and Certain High-Cost Installment Loans and address the rule's compliance date.

The Bureau of Consumer Financial Protection released the findings of its
assessment of the Remittance Rule, which provides protections to international
money transfers. The report describes the Rule, the market, and the Bureau’s
findings on the Rule’s effectiveness in meeting factors outlined in the
Dodd-Frank Act.